green jobs Archives - Destination Chesterfield

Funding secured for new renewable energy battery storage facility in Chesterfield

5th May 2022

Chesterfield has been named as one of the areas to benefit from investment in a battery storage facility, adding to the town’s green growth.

Santander UK has provided a £27m funding package to 4 Renewable Energy, the independent power producer (IPP) arm of RGREEN INVEST, an independent French investment management company specialised in equity investments and financing for energy transition and climate change adaptation infrastructure projects. The funding supports construction and operations of four new-build battery storage facilities in England that 4 Renewable Energy acquired last year.

The new local facility will be based on Back Lane in Chesterfield, with facilities also being built in Rochdale, Plymoth and Bexhill on Sea.

Battery storage is key to ensuring the UK’s homes and businesses can be powered by renewable energy. It plays an important role in boosting the nation’s capability to capture, store and release renewable energy, providing a more reliable and regular supply.

Owned 100% by RGREEN INVEST’s INFRAGREEN IV fund, 4 Renewable Energy has plans to expand its UK portfolio beyond its first four battery storage facilities. It is actively pursuing additional battery storage projects under development or ready-to-build in the UK and is establishing a local team.

RGREEN INVEST’s managed entities have invested in more than 1,500 renewable energy projects to date and in large battery storage facilities in France – on the mainland and overseas. 4 Renewable Energy has wind, solar and battery storage projects under development and construction in Spain, Bulgaria, Portugal, Romania and Poland. Its portfolio of renewable energy projects totals more than 1.5 GW.

Since the start of 2019, Santander UK has committed more than £250m to the battery storage sector. This funding is part of Santander’s global target to lend €120bn in green finance to businesses throughout the world by 2025. The funding package provided to 4 Renewable Energy was partly financed by Santander UK’s Environmental and Social Growth Fund, which is designed to support lending that benefits the environment or society and contributes toward the UK’s sustainability agenda.

Sébastien Rondel, Head of Direct Investment for RGREEN INVEST and Director of 4 Renewable Energy, said: “This is our first venture into the UK market, and we are excited to be an active player. Our banking partner, Santander UK, has greatly supported this venture and is helping us pursue our strategic development abroad. Our choice of the UK is significant as the nation has made an ambitious decision to accelerate its transition to renewable energy sources, and battery systems are poised to become a key component of this strategy’s success.”

Mark Cumbo, Director, Specialised and Project Finance at Santander UK said: “We are delighted to support RGREEN INVEST’s entry into the UK renewables market with funding for the construction of its four battery storage facilities. Santander UK strongly supports clients such as RGREEN INVEST that are bringing positive environmental change to the UK’s energy sector, and we are delighted to provide funding for these new battery storage facilities throughout England.”

Financial support offered for Derbyshire residents to retrain for alternative energy sector

13th July 2021

A unique opportunity to retrain in the field of alternative energy has opened up in Chesterfield and Derbyshire with the launch of the County Council’s Green Entrepreneurs Scholarship Scheme.

The local authority has set aside a £100,000 fund offering grants of up to £1,500 to help Derbyshire residents learn new skills in the alternative energy industry.

It’s part of the wider Green Entrepreneurs Programme which is funded by the council and run in partnership with the University of Derby to help support green economic recovery across Derbyshire.

The leader of Derbyshire County Council, Barry Lewis added: “We’ve had a positive response to the Green Entrepreneurs Fund so far from businesses looking for financial support to help turn game changing proposals to help tackle climate change into reality.

“As well as helping to reduce Derbyshire’s carbon emissions in the future, by helping these projects get off the ground we’re bringing wider benefits to local communities and local economic conditions to create high quality jobs driven by utilising the local skills base in engineering and manufacturing.

“We’re looking forward to announcing the successful applicants soon for funding announced so far, as well as opening up applications for our new Scholarship Fund which will help to skill-up the alternative energy workforce of tomorrow.”

Professor Kathryn Mitchell DL, Vice-Chancellor of the University of Derby, said: “It is vital that we all play our part in helping the UK to achieve its net zero targets and the appetite within Derbyshire to meet this challenge head-on is hugely encouraging.

“It is not just about providing financial support, however, but enabling people to develop their skillset to deliver the change we need.

“As a university, empowering people with the knowledge and ability to have a positive impact on our economy and society is central to our purpose. We therefore welcome the launch of the Scholarship Scheme, which will help employees within our SME sector to make important contributions to carbon reduction and equip them with highly-valued skills.”

Find out more information about the Green Entrepreneurs Programme including application forms, timetable for grant funding and eligibility criteria at: https://www.derbyshire.gov.uk/business/green-entrepreneurs-fund/green-entrepreneurs-fund.aspx